The FDIC released guidance in mid-June with steps intended to provide regulatory relief to financial institutions and facilitate recovery in areas of Oklahoma affected by recent severe storms and tornadoes. The agency encouraged banks in affected areas to work constructively with borrowers experiencing difficulties due to the severe weather, including extending repayment terms, restructuring existing loans or easing terms for …
July 2024
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July 19, 2024
Be aware of Crowdstrike update, scams involving encrypted email, web-shared documents
Krebs on Security published an article detailing the latest on the Crowdstrike update leading to issues across the globe. Click here to read the article. Additionally, ABA President and CEO Rob Nichols released this letter addressing the issue. Starting earlier this month the OBA and many other financial institutions across the country have received malicious emails purportedly from employees at …
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July 19, 2024
Cherokee Nation Economic Development Trust Authority
The Cherokee Nation Economic Development Trust Authority (CNEDTA), a certified Native Community Development Financial Institution (CDFI), is committed to supporting Native-owned businesses by offering access to capital for new startups and expansion projects. Our mission is to enhancing the financial well-being of Native-owned companies and strengthen their presence in the business community. CNEDTA also provides business coaching services aimed at …
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July 16, 2024
Week of July 15
In This Issue… From Adrian’s desk … OBA Emerging Leaders Academy accepting applications Oklahoma Bankers Hall of Fame accepting nominations for 2024 OBA Washington Visit just around the corner: Join your peers in D.C. this fall! OBA education corner … From Adrian’s desk … By Adrian Beverage OBA President & CEO Just some random tidbits that might be of interest …
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July 11, 2024
Oklahoma Bankers Hall of Fame accepting nominations for 2024
The Oklahoma Bankers Hall of Fame is now accepting nominations for the upcoming 2024 class; additionally, a reminder the process of selecting inductees was updated for last year. First, for those interested in nominating a banker, here are some downloadable forms linked below – please return all nominations to Adrian Beverage (adrian@oba.com): Nominating instructions. Nomination form. If a person was …
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July 11, 2024
Oklahoma Bankers Hall of Fame accepting nominations for 2024
The Oklahoma Bankers Hall of Fame is now accepting nominations for the upcoming 2024 class; additionally, a reminder the process of selecting inductees was updated for last year. First, for those interested in nominating a banker, here are some downloadable forms linked below – please return all nominations to Adrian Beverage (adrian@oba.com): Nominating instructions. Nomination form. If a person was …
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July 10, 2024
FHFA, CFPB update mortgage origination data
The Federal Housing Finance Agency and the CFPB released updated loan-level data on Monday, collected through the National Survey of Mortgage Originations. The 2024 release – the first since December 2022 – includes data on three new survey questions first fielded in 2021. The latest survey release shows that 70% of respondents said they were very satisfied with their property …
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July 9, 2024
Week of July 8
In This Issue… From Adrian’s desk … Financial conditions remain restricted according to Fed report Join your banking peers in D.C. this fall! OBA education corner … From Adrian’s desk … By Adrian Beverage OBA President & CEO Just some random tidbits that might be of interest to our bankers this week! • • • …
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July 3, 2024
Oklahoma agencies to host virtual Fraud Prevention Conference
The FBI Oklahoma City Field Office, Oklahoma Insurance Department and Oklahoma County Sheriff’s Office are holding their second annual Fraud Prevention Conference virtually over three days in July. The conference will be held from 9 a.m.-noon on July 12, July 19 and July 26. The OBA’s Sharon Lewis will be one of the speakers on July 19. This conference is …
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July 2, 2024
June 2024 OBA Legal Briefs
Bankers’ FAQs Changes in UCCC amounts effective 7/1/24 ATMs and the FDIC’s new Advertisement of Membership Rule Bankers’ FAQs By Pauli Loeffler Some of the questions submitted to the OBA’s Compliance team are asked with some frequency by our members. We’ve gathered some of these questions and responses to assist you when similar situations present themselves. Altered check, indorsement claim …